Nexxen International (NASDAQ:NEXN) Announces Earnings Results, Beats Estimates By $0.13 EPS

Nexxen International (NASDAQ:NEXN) issued its quarterly earnings results on Wednesday. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.13, Zacks reports. Nexxen International had a return on equity of 7.49% and a net margin of 3.96%.

Nexxen International Stock Up 0.3 %

Nexxen International stock opened at $7.42 on Wednesday. The stock has a market cap of $478.78 million, a PE ratio of 185.50 and a beta of 1.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.43 and a current ratio of 1.43. The firm’s 50-day simple moving average is $16.99 and its 200 day simple moving average is $16.89. Nexxen International has a fifty-two week low of $6.93 and a fifty-two week high of $21.88.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NEXN shares. JMP Securities restated a “market outperform” rating and set a $22.00 price target on shares of Nexxen International in a research note on Monday, January 27th. Needham & Company LLC upped their price target on shares of Nexxen International from $19.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada lifted their price objective on shares of Nexxen International from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.40.

About Nexxen International

Nexxen International Ltd. provides end-to-end software platform that enables advertisers to reach publishers Israel. The company’s demand side platform (DSP) offers full-service and self-managed marketplace access to advertisers and agencies to execute their digital marketing campaigns in real time across various ad formats.